BUSINESS & AG SAVINGS
Save wisely and safely.
- HOME
- BUSINESS AND AGRICULTURE
- BANK
- SAVINGS
Business Money Markey Savings
Enjoy the flexibility to tackle both planned and unexpected expenses while earning a higher rate than a typical savings account
Compare and decide for yourself.
Choose from a variety of accounts that let you earn higher interest, set funds aside for big expenses and move money to your business checking account as needed. Count on us to keep your deposits safe and take care of your money – so you can take care of the people who depend on you.
| Compare | Business Money Market Savings1 | Business Savings Account2 | Flex Business Money Market 3 | Simple IRA4 | SEP IRA5 |
|---|---|---|---|---|---|
| Works for you if… | You want to earn a higher rate than a typical savings account |
You want to hold cash for a future expense and let it grow until then | You tend to keep a higher balance and want a better return and easy access | You have 100 employees or less and want to invest in them | You want to offer your employees a retirement plan and make contributions |
| Monthly service fee | $10 (waived for average balances of $10,000 or more) | $X | $X | $X | $X |
| Minimum opening deposit | $10,000 | $X | $X | $0 | $0 |
| Maximum deposit | $X | $X | $X | $X | $X |
| Minimum balance | $1 | $X |
$X | $10 | $X |
| Interest bearing | Competitive tiered rates, interest compounded and credited monthly | Interest compounded daily and credited quarterly | Competitive tiered rates, interest compounded and credited monthly | Earn competitive interest on entire balance |
|
| Direct deposit | |||||
| Transaction Limitations | Six (6) free withdrawals per month | Lower contribution limits | Tax-deductible contributions up to 25% of participants’ annual compensation* | ||
| Free Online Business Banking | |||||
| Free Online Statements |
The F&M blog
Financial Education For Your Kids: Give Them the Tools For a Bright Future
Investing for the Future - The Power of Compound Interest
5 Tips for Starting Your Own Business
